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At the beginning of the year, the company owed 5124,300 to CIBC for its bank loan. During the year, the company borrowed an additional $54,600

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At the beginning of the year, the company owed 5124,300 to CIBC for its bank loan. During the year, the company borrowed an additional $54,600 from the bank. On the year end balance sheet, the current portion of bank loan payable was $31,200 and the non-current portion was $125,600. How much of the bank loan payable was repaid during the year? Select one: a $26,100 O b. $22,100 Oc$24,200 O d. $23.900 e. $20,700

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